PYMNTS

DECEMBER 9, 2020

What makes the current developments so interesting and exciting is that “we're just seeing that they're at the end of the innovation growth cycle,” he explained. All of these new FinTechs and digital innovators are changing the landscape as the role of payments rapidly shifts in the broader financial services arena.

Innovation 306

Innovation Fintech Payments Regulation 306

PYMNTS

JANUARY 7, 2020

Yet another business consortium vies for a lucrative, wholesale digital banking license, according to reports. The license bid is “an opportunity for us to impact an underserved segment,” said Mi Li, ADVANCE.AI’s chief marketing officer. Their holders can take deposits from retail customers, but must have $1.5

Digital Banking 131

Digital Banking Capital Leadership Fintech 131

PYMNTS

JULY 8, 2019

And the question of how to build a workable and innovative model in the developing world is one that has been on Nanu’s mind a lot – though for rather different reasons than it has been on Facebook’s. They want us to focus on true innovation.”. Building Real Innovation for Real Gaps. We don’t want to do this alone.

Digital Banking 176

Digital Banking Innovation Cards Lending 176

PYMNTS

JANUARY 3, 2020

In late June, the Monetary Authority of Singapore (MAS) sent a ripple through the global financial services ecosystem with the announcement of its intention to issue five digital bank licenses to eligible applicants. Oversea-Chinese Banking Corp. and United Overseas Bank Ltd. Razer And The Youth Bank .

Digital Banking 130

Digital Banking Groups Regional Mobile 130

Bank Innovation

JANUARY 26, 2018

launched its Marcus digital bank in late 2016, the conventional wisdom was the investment bank wanted to expand into retail banking. EXCLUSIVE— When Goldman Sachs & Co. But, apparently, that’s not the whole story. Marcus, it seems, is an asset pricing play, Goldman’s CEO implied yesterday.

Retail 262

Retail Video Digital Banking Bitcoin 262

Bank Innovation

SEPTEMBER 12, 2019

As digital banking goes mainstream, banks are recognizing that a mobile app that lets customers carry out day-to-day tasks isn’t enough. Bank has been preparing, especially as it reports that 72% of its customers are considered “digital-active” and 50% are using mobile channels.

Digital Banking 250

Digital Banking US Mobile Report 250

PYMNTS

MARCH 2, 2020

A trillion-dollar market cap later, it’s hard to argue Amazon’s effectiveness, quote attribution notwithstanding. It’s really difficult, the banking ecosystem is not fast and that’s just reality,” Jim McCarthy, industry expert and former innovation head for Visa, told Karen Webster in a recent conversation.

Innovation 222

Innovation Data System Mobile 222

Bank Innovation

MARCH 5, 2019

Growth is the name of the game for this month's notable hires in digital banking and fintech. On one hand, a major FI like Spanish bank Santander hired a former Google executive to create new products, while smaller fintechs are opening up shop in new markets to drive growth.

Digital Banking 186

Digital Banking Fintech Google Marketing 186

PYMNTS

JULY 11, 2018

Citizens Financial Group announced the launch of its nationwide, direct-to-consumer digital bank. Over the last several years, direct bank deposits have grown six times faster than deposits at traditional banks as consumers have sought innovative new ways to save money,” said John Rosenfeld, president of Citizens Access.

Digital Banking 103

Digital Banking United States FDIC ATM 103

Independent Banker

JULY 31, 2022

When Rockland Trust synced up with an ICBA ThinkTECH Accelerator grad to launch a virtual digital banking platform, it took relationships between the community bank and its customers to a whole new level. For Rockland Trust, a $20 billion-asset community bank in Rockland, Mass., Innovation has to continuously add value.

Innovation 91

Innovation Community Bank Video Community 91

Bank Innovation

FEBRUARY 12, 2020

The growth of mobile and digital banking is driving in-store branch numbers down. In-store branches are satellite bank branches located inside large retail spaces, such as supermarkets or chains like Walmart and Safeway. since June 30, 2018, S&P Global Market Intelligence reported.?

FDIC 243

FDIC US Retail Digital Banking 243

Bank Innovation

JUNE 6, 2019

JPMorgan Chase's millennial-friendly digital banking app Finn is shutting down, just one year after it rolled out nationally. The […].

Digital Banking 199

Digital Banking Millennials National Security 199

Bank Innovation

JANUARY 24, 2017

Edward “EJ” Achtner, Bank of America‘s Head of Digital Banking – Strategy, Platforms, Innovation, and Partnerships, has joined the Bank Innovation 2017 speaker faculty. based bank.

Innovation 150

Innovation Charlotte America Digital Banking 150

Independent Banker

JANUARY 1, 2022

To have a true impact on the needs and expectations of today’s consumer, financial institutions must adopt successful practices from retail sectors, such as e-commerce, travel and entertainment that successfully deliver on expectations for consistent, personalized experiences through every stage of the buying journey. Delivering Value.

Retail 103

Retail Community Branding Study 103

Bank Innovation

MARCH 28, 2019

United Arab Emirates-based digital bank Liv on Wednesday launched its virtual assistant Olivia, which was built by conversational AI company Kasisto. Olivia, a play on the bank’s name Liv, can check balances and give spending insights through text and the bank’s mobile app. has 210,000 […].

Digital Banking 170

Digital Banking Millennials Mobile Company 170

PYMNTS

JULY 22, 2020

And in bank regulation, open banking is developing at a fast clip in Brazil, while the pandemic may have sped up the digital banking shift in many markets beyond the region. 86%: Share of global banks seeking to use APIs for open banking within the next year. All this, Today in Data. Data: .

Innovation 130

Innovation Regional Data Digital Banking 130

Bank Innovation

APRIL 11, 2019

Get ready for more banks. Digital ones, that is. New data shows that consumers -- and financial institutions -- are more inclined toward greenfield digital banks. In a recent survey by Fiserv, 86% of respondents said they would consider leaving their bank, if they could not easily manage their accounts online.

Digital Banking 199

Digital Banking Survey Online Data 199

Bank Innovation

JULY 9, 2018

For a digital bank, time to market is one of the most important innovation mandates. For Lasha Gurgenidze at Tbilisi, Georgia-based TBC Bank, this mandate combined with low operational costs were the two fundamentals he and his team followed in launching TBC’s digital-first Space Neobank. “We

Georgia 284

Georgia Innovation Digital Banking Operations 284

Accenture

APRIL 30, 2019

Like this runaway horse, retail banks are now finding that rapidly evolving customer needs and changing expectations are setting the pace for the evolution of the business. Pioneers , for instance, look like the ideal customers for a modern digital bank. This is a far tougher.

Survey 151

Survey Marketing Groups Study 151

Insights on Business

NOVEMBER 29, 2018

Now, more than ever, banks must be smarter and faster. Operational innovation is vital in a highly competitive financial services sector, with a new community of digital banks and other firms vying for market share. Drivers for Operational Innovation. In this context, improving efficiency is mandatory.

Operations 138

Operations Innovation Management Risk Management 138

Bank Innovation

OCTOBER 24, 2019

Digital banking and stock trading app Revolut, which boasts 8 million customers, is in the midst of a global expansion effort. based company, which operates in Europe and Australia, announced two major milestones this week: a tie-up with Mastercard that will help fuel a planned U.S. rollout, and a launch in Singapore.

US 170

US Marketing Digital Banking Operations 170

Chris Skinner

NOVEMBER 28, 2016

I blogged the other day about too many banks and that there’s not a big enough market for forty of them here in Britain. We talk about digital, apps, mobile and more, and yet the average customer … are they bothered? I suspect that many … The post What do retail customers want?

Retail 150

Retail Mobile Marketing Digital Banking 150

Bank Innovation

OCTOBER 29, 2019

Digital banking brand Varo has 1 million customers, and is pushing ahead with plans to become a nationally-chartered bank early next year, CEO Colin Walsh told Bank Innovation Tuesday.

National 284

National Innovation Digital Banking Branding 284

Bank Innovation

MARCH 7, 2019

Before Citizens Financial Group launched its digital-only banking unit, Citizens Access, last July, a team of bankers spent months intensely analyzing how customers might interact with a digital bank with no physical presence versus a traditional bank with a large network of branches.

Branding 170

Branding How To Marketing Digital Banking 170

PYMNTS

FEBRUARY 4, 2019

To serve customers who want to shop in stores and online, retailers and solution providers are working to offer a unified retail experience across multiple channels. According to the latest PYMNTS mPOS Tracker , almost two thirds – or 63 percent – of retailers plan to offer this option within the next three years.

Innovation 126

Innovation Retail Mobile Massachusetts 126

PYMNTS

MARCH 1, 2018

hasn’t had such regulatory pressure, signs that banks are opening up their data to third-party FinTechs are beginning to emerge, a trend partially attributed to competitive market pressures — and similar signs are popping up in Canada too. While the U.S. Now, analysts at GlobalData say India could be next.

Marketing 100

Marketing Data New York Trends 100

PYMNTS

FEBRUARY 26, 2020

Digital banking and payments firm i2c is partnering with next-generation commerce firm Sightline Payments to deliver cashless, mobile and omnichannel programs to over 45 gaming resorts, state lotteries, digital gaming and sports betting sites across eight states, i2c announced on Wednesday, Feb. There are more than 2.5

Oregon 232

Oregon Pennsylvania Innovation Operations 232

PYMNTS

OCTOBER 16, 2020

It’s been another busy week in the world of payments and commerce, with the expansion of installment point of sale (POS) credit and digital banking. banking license. Afterpay went in-store with major retailers in the U.S., Digital Banking Innovation . banking license.

Report 176

Report San Francisco Payments Digital Banking 176

PYMNTS

FEBRUARY 3, 2020

They quickly faded into the décor of banks and street corners, becoming a prosaic feature of everyday life. And while some imagined there’d be banks on Mars by 2020, few guessed that dull ATMs would one day reinvent retail banking. It helps explain why the value of the ATM market was $18.44

ATM 165

ATM Digital Banking Innovation Video 165

PYMNTS

FEBRUARY 13, 2019

Starling Bank, the U.K. digital banking platform, announced on Wednesday (Feb. Starling said proceeds from the round will go to support increased investment in the digital bank’s financial products in retail and SME banking, as well as banking services. million) in venture funding.

Digital Banking 122

Digital Banking Retail Marketing Innovation 122

NCR

MARCH 12, 2018

Some of the most significant recent trends in financial services – such as the ongoing growth of the mobile channel and the expansion of the fintech market – have demonstrated that the evolution of the industry is being driven by technology.

Analytics 75

Analytics Digital Banking Analysis Branding 75

CB Insights

MARCH 8, 2018

Digital banking startups — or challenger banks — have gained traction over the past few years by bringing retail banking services mobile. Banks in Fintech: what’s ahead in 2018. Join us for data-driven look at how major banks are approaching fintech investments and taking on insurgents.

Retail 78

Retail Digital Banking Fintech Regulation 78

PYMNTS

FEBRUARY 25, 2019

The iGen product was sold — and loaded with funds — at convenient retail locations around college campuses and upper middle-class neighborhoods. Streit also acknowledged how thinking that way, and doing things differently, has risks — and it’s easy to shy away from real innovation in favor of iterations on products that are already working.

Innovation 137

Innovation Cards Maine Online 137

PYMNTS

JUNE 28, 2019

The central bank in Singapore has announced that it will issue five digital bank licenses to eligible applicants, according to a report by Reuters. . The move could significantly alter the financial landscape for the first time in 20 years, as the space is currently controlled by traditional banks. .

Digital Banking 109

Digital Banking Groups Fintech Innovation 109

PYMNTS

DECEMBER 14, 2020

The platform will also help central banks that want to collaborate with innovators on new technology. EMTECH aims to provide central banks with an infrastructure for digital cash. And Bundesbank President Jens Weidmann said he thinks cash will still have a place in the world due to how many people still depend on it.

Policies 234

Policies Innovation Lending Fraud 234

PYMNTS

OCTOBER 11, 2017

That’s because retailers have so far been quick to jump on the connected commerce bandwagon. Banks, well, haven’t. But, he added, with many banks thinking about how to leverage technology and innovation to better serve clients, getting executives to engage has become easier. They just don’t always know how to do it.

Retail 118

Retail ATM San Francisco Chicago 118

Celent Banking

FEBRUARY 14, 2017

Indeed, it does not take extensive examination to see, in Wayne Gretzgy’s words, “where the puck is going” Digital needs to be a top technology priority among financial institutions – particularly in highly digitally-directed markets such as North America and Western Europe.

Retail 100

Retail Survey Boston Trends 100